Sent: Tuesday, March 01, 2005 5:57 PM
Subject: Change in plans for addressing Restitution Fund
The program for addressing shareholder
interests in the CA Restitution Fund will no longer include an open
meeting. Instead, we will rely primarily on the written questions
and comments you submit this week for the Panel's report of issues to be
considered by the Fund's Administrator. I will also welcome verbal
discussions of your interests.
For reasons summarized below, the
Administrator and I agreed that it would be more constructive for him and
his staff to meet informally with the Forum's Panel members for a
practical working review of the issues. This process will provide the
same opportunity for you to present your views for the Administrator's
consideration, assuming you submit your views this week. I encourage you
to do so.
Efforts will be made to distribute and post a
revised summary of the Forum program for the Restitution Fund by
tomorrow. For now, you may rely on the procedures for written submissions
posted on the Forum web site:
The primary reason for dropping the open
meeting was the administrative burden of managing the process without CA
management's cooperation. (Although the Deferred Prosecution Agreement
provides the Administrator with authority to require CA's payment
of costs, neither of us could justify the use of our resources for
documenting and approving details of meeting arrangements to be
reimbursed.) A copy of recent communications confirming management's
decision has been posted on the Forum web site:
Please tell me what I can do to help you
present your views.
GL
Gary Lutin
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022
Tel: 212-605-0335
Fax: 212-605-0325
Email: gl@shareholderforum.com
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